G20 set to lift collective GDP by 2% over 5 years

SYDNEY, February 23, 9:41 /ITAR-TASS/. ass) - G20 finance ministers and central bank governors at their meeting in Sydney on February 22-23 agreed to lift the collective GDP by more than 2% over the coming five years, according to a communique released by the G20.

The document says this will yield “over $2 trillion more in real terms and will lead to significant additional jobs.”

“To achieve this we will take concrete actions across the G20, including to increase investment, lift employment and participation, enhance trade and promote competition, in addition to macroeconomic policies,” the communique says.

These actions will form the basis of our comprehensive growth strategies and the Brisbane Action Plan.